Recently,MalaysiaCheap airlines MYAirline Announces Ground Without Warning,Causing concern and heated discussion among the people of Malaysia, and its business is suspendedofThe reason has always been the focus of everyone's discussion.

According to Nanli, Director of the Commercial Crime Investigation Department in Bukit Amman, Malaysia, the Malaysian police are currently investigating the airlineThe founder of MYairline, Wu Huanhua, conducted an investigation, including a comprehensive investigation of his bank account and personal assetsInventory.

On October 17th,MalaysiapoliceformalArrested Wu Huanhua and his wife and children,indicateThere may be other legal and financial issues. The director of the business crime investigation team in Bukit Oman, Ramilimohammad Yusov, stated that according to《Anti Money Laundering, Anti Terrorist Financing, and Proceeds of Illegal Activities Act 2001, PolicestillFurther investigation will be conducted.

On October 23rd,Wu HuanhuaAfter the second extension of detention, he was released on bail by the police. However, the police immediately arrested another witch born Datuk in response to this case and arrested two Datuk suspects12 vehicles, documents, watches, branded handbags, jewelry and other materials, as well as valuable items for inspection.

According to public disclosureAccording to the data, Wu Huanhua worked through two private companies, an international trade consulting companyZillion Wealth and lending and financing company Trillion Cove Holdings Limited hold 88% and 10% equity in MYAirline, respectively,He is also a director of these two companies. It is worth noting that,Trillion Cove was involved in a money laundering case in May this year.

Meanwhile, Wu Huanhua also collaborated withRegarding i-Serve Online Mall Private Limited.I-Serve Online Mall is one of the seven companies that were fined a total of RM50 million by the National Bank last month for taking deposits without a license and violating financial regulations, and all seven companies are related to each other.

According to the survey, in theDuring the period from June 2018 to September 2021, these 7 companies were suspected of illegal deposits without a license.

15 investors from MYAirlineAlsoRegarding the founder of the airline, Wu Huanhua, and his involvementFour companies have filed lawsuits claiming that they have failed to repay investment funds exceeding RM8 million. The plaintiff's age ranges from 58 to 74 years old, while the defendant includes I-Serve Online Mall Sdn Bhd (ISOM), Bright Moon Venture Plt (BMV), Qa Smart Partnership Plt (QAS), and Trillion Cove Holdings Berhad (TCH).

althoughMYAirline is currently grounded, but the company's temporary responsible executive, Azharrudin, stated that the company has not fired any employees or arranged for any employees to take unpaid leave. The company has established a fund to assist over 900 employees who are in arrears. Once the funds are in place, salaries will be paid.